During
today’s trading the EUR/USD pair marked
intraday high at 1.1261, but later in the day moved below the 20-day moving
average and pinned the daily low at 1.1205. Anyway the pair is still staying
above 1.1200 level and is currently trading at 1.12116, which is slightly below
previous session closure. The
sentiment remains bearish and if breaking 1.1210 on downwards, the pair might
visit 1.1200 mark. Currently
resistance is located at 1.1260, 1.1285 and at the psychological mark 1.3000. On
the downside support is seen at 1.1195, 1.1180 and 1.1140.
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